RE: The Orange Man3 Apr 2025 08:51
Beo1 think like a business man, what can they offer Trump and what does he want? Power, control, discounts, first dibs on oil, minerals, natural resources, land. The ability to say we’re building a golf course on this sea front and the government to bend over backwards to say yes. To stop china circumventing their own tariffs through Vietnam. Investment in US. And to sell more American products in these countries.
I am not going to second guess exactly what deal will be struck, if one even will, be but think about what he wanted from Mexico and Canada. These tariffs are a power play. Vietnam will have to give everything they can given 85% of gdp is exports.
So far Vietnam:
A reduction in its import tax on ethanol from 10% to 5%, on liquified natural gas from 5% to 2%, and on some types of cars from 64% to 32%. Many agricultural products like chicken, nuts, apples, cherries and raisins will also receive tax deductions. The changes went into effect on Monday 31 March.
A few days before announcing the tax cuts, the government also allowed Elon Musk’s company SpaceX to launch its Starlink satellite internet service on a trial basis until the end of 2030. There will be no limit on foreign ownership of the service. The decision followed negotiations between SpaceX and Vietnam’s Government, which previously did not allow foreign ownership in the sector.